Trading Platform?

[bitcub]

If you are new to trading I would suggest to create an account in Kucoin , Crypto.com or Binance so you dont have to worry about the gas fee. If you have a long term mindset in investing I would suggest to go to pancakeswap but it is a little bit technical to learn.

[jrrsparkles]

Even though you didn't mention clearly about what kind of coins and platforms your are talking about but based on the replies it looks like you're talking about the NFT trading platform and you know the fee actually depends on the blockchain where those tokens are running so in decentralized exchange the blockchain decide the fee not the exchange itself but for someone who is really want to get into crypto trading for the first time they start with NFTs? Not a good choice in my opinion...

[danherbias07]

Gas fees are for blockchains. Trading fees are for an exchange.
If it's exchange fees then Binance might have the lowest using BNB as the tool for it. While if are planning on deposits and withdrawals low fees with little trace of you getting in and out then Kucoin will be a good recommendation.
I have used these two exchanges for a long time and never had a single problem, especially with Binance. My back up had always been Kucoin if ever a coin is not listed on the former.

[TheGreatPython]

Hi guys, I am new into Crypto, I wanna know which platform has low gas fee .. my budget is very low which is just 120$ .. I do not want to throw them into trash, but I like to embark on any platform which gives good returns, like Exness or Position exchange. I was reading an article on https://detailsnreviews.com/crypto-exchange-okcoin-launches-a-free-trading-nft-marketplace/ , do you think it is good to start with 120$?

First off, welcome here in the crypto world. Secondly your budget which is 120 usd is not very low in my opinion but that was a nice budget to start with. With that budget you will not worry about the gas fees because you can end up buying a good amount of coins before that budget runs out. Is that posi?

The position exchange you're talkin about? I already heard of this once but this was not used by the many so I will be careful on using it while for the other exchange which is called exness, I guess this is new? but like posi, I will also be careful on this one. On the article it says free trading but that was only for nft's and not for the typical cryptos. Sorry but I can't recommend nft to you this time.

[crzy]

If you are new to trading I would suggest to create an account in Kucoin , Crypto.com or Binance so you dont have to worry about the gas fee. If you have a long term mindset in investing I would suggest to go to pancakeswap but it is a little bit technical to learn.

Binance is a good option for every newbie, this is very friendly and you can easily understand how this platform works but without any trading knowledge, I believe you will still find it hard no matter what exchanges you are using so better start learning how to trade first. Choosing trading platform should only be your second priority since learning should always comes first.

[carlfebz2]

If you are new to trading I would suggest to create an account in Kucoin , Crypto.com or Binance so you dont have to worry about the gas fee. If you have a long term mindset in investing I would suggest to go to pancakeswap but it is a little bit technical to learn.

Binance is a good option for every newbie, this is very friendly and you can easily understand how this platform works but without any trading knowledge, I believe you will still find it hard no matter what exchanges you are using so better start learning how to trade first. Choosing trading platform should only be your second priority since learning should always comes first.

Binance all the way when it comes to trading platform yet you could really make some switch from basic to advanced users when it comes to charting which simply means that it is really noob friendly i can say.

Also, this is one of the most famous crypto platforms that we do have today and there's no doubt on that and this is why they are getting that much popularity of this community because they offer

the best service in terms of functionalities which the crypto community do really look for and also there's kucoin which is also good.

[nurilham]

Choosing a good exchange platform to start trading is one of the aspects that we must consider carefully. This will really influence the security of our assets. I personally will not choose the two exchanges, they are not popular. I will prefer to choose Binance as the top option. Although we cannot also guarantee that Binance is fully secured because this was also ever hacked, at least, we have to know its reputation. Alternatively, there are also some other top exchanges that we can use. You can check them on the Coin Market Cap. there are top lists of exchanges, both CEX and DEX.
Additionally, besides about the security system, it is also about the options of trading pairs, easiness of other transactions, and also fee for transaction.

[GeorgeJohn]

I guess since you are a newbie, I would suggest to stick first with Binance so you dont have to worry about the gas fee. You can even fund Binance using your creditcard. Then later on you can start investing using your metamask or buy a Trezor wallet for added security.

are you giving op the platform to buy or you are informing op the exact wallet the bought can be served without hacked, because i really don't comprehend exactly your point. If actually it's a place were he can get or purchase a coin through all exchanges, i think you are right by recommending binance,but we have numerous exchange were purchasing of cryptocurrency can be done with much disturbance or trouble.

[Mpamaegbu]

I started with something far less than what you've at hand in 2017. I think then it was with Polonex. Later I got onto Coinexchange and then Binance came up and took the shine from them till this day. My advice to you is to check top rated exchanges on the CMC and choose from any that's rated 10 over 10. I recommend Binance to you, anyway. I don't know what the commission is compared to others but I know my funds are safe there. At least for five years that I've been using it, no issues relating to loss of trust.

[Xampeuu]

I started with something far less than what you've at hand in 2017. I think then it was with Polonex. Later I got onto Coinexchange and then Binance came up and took the shine from them till this day. My advice to you is to check top rated exchanges on the CMC and choose from any that's rated 10 over 10. I recommend Binance to you, anyway. I don't know what the commission is compared to others but I know my funds are safe there. At least for five years that I've been using it, no issues relating to loss of trust.

In terms of fund security, Binance is the main choice for choosing a platform, especially if you are a beginner who wants to trade or invest. Don't choose the wrong platform, because the funds are not safe even though it's not our fault. and if that happens, the op will be psychologically disturbed, so he can't focus on learning to trade. there has been a lot of reliable evidence from binance, one of which was when binance was hacked, and consumer funds were returned, and it formed its own consumer confidence in binance

[Silberman]

If you are new to trading I would suggest to create an account in Kucoin , Crypto.com or Binance so you dont have to worry about the gas fee. If you have a long term mindset in investing I would suggest to go to pancakeswap but it is a little bit technical to learn.

Binance is a good option for every newbie, this is very friendly and you can easily understand how this platform works but without any trading knowledge, I believe you will still find it hard no matter what exchanges you are using so better start learning how to trade first. Choosing trading platform should only be your second priority since learning should always comes first.

While without a doubt the selection of an exchange is without a doubt important as there are a great deal of scam exchanges out there, as you say this is secondary, the most important goal that any person that is entering this market should have is to learn as much as they can about it before risking their money, the money we have at our disposal is limited, however the market will always be there, which means it is better to take our time and only begin to trade or invest once we are completely ready for it.

[TelolettOm]

If you are new to trading I would suggest to create an account in Kucoin , Crypto.com or Binance so you dont have to worry about the gas fee.

I agree with this. Moreover, those exchanges also have several options of withdrawal networks, so it will vary on the gas fees. And we can choose lower gas fees than only ERC20. Moreover, the reputation of those exchanges are much better highly than the exchanges that are mentioned by the OP. I don't know why the OP will think to use those platform because a review or article.

If you have a long term mindset in investing I would suggest to go to pancakeswap but it is a little bit technical to learn.

I wonder why should be PancakeSwap? Is it about the staking or farming that offer high APY? or are there are choice of long term investment?

[sheenshane]

If you are new to trading I would suggest to create an account in Kucoin , Crypto.com or Binance so you dont have to worry about the gas fee. If you have a long term mindset in investing I would suggest to go to pancakeswap but it is a little bit technical to learn.

Binance is a good option for every newbie, this is very friendly and you can easily understand how this platform works but without any trading knowledge, I believe you will still find it hard no matter what exchanges you are using so better start learning how to trade first. Choosing trading platform should only be your second priority since learning should always comes first.

I tend to agree with this since Binance is a very popular exchange nowadays.
It makes sense because they supported a lot of tokens and coins on their platform and they're considering a stepping stone in a good project that has been listed that not involved fraud activities.

But always remember this, don't leave your fund into any of those centralized exchange platforms or think that they're a good wallet to store your assets, though Binance has a SAFU feature, it doesn't mean your funds are totally safe.

[ningrum]

If you are new to trading I would suggest to create an account in Kucoin , Crypto.com or Binance so you dont have to worry about the gas fee. If you have a long term mindset in investing I would suggest to go to pancakeswap but it is a little bit technical to learn.

Binance is a good option for every newbie, this is very friendly and you can easily understand how this platform works but without any trading knowledge, I believe you will still find it hard no matter what exchanges you are using so better start learning how to trade first. Choosing trading platform should only be your second priority since learning should always comes first.

While without a doubt the selection of an exchange is without a doubt important as there are a great deal of scam exchanges out there, as you say this is secondary, the most important goal that any person that is entering this market should have is to learn as much as they can about it before risking their money, the money we have at our disposal is limited, however the market will always be there, which means it is better to take our time and only begin to trade or invest once we are completely ready for it.

Choosing an exchange is indeed one of the important things we need to think about,
Popular exchanges like Binance are the exchanges of choice for many people, besides being trusted on Binance it also has complete features,
What must also be considered before entering the market is the preparation of all things related to crypto

[sana54210]

Choosing an exchange is indeed one of the important things we need to think about,
Popular exchanges like Binance are the exchanges of choice for many people, besides being trusted on Binance it also has complete features,
What must also be considered before entering the market is the preparation of all things related to crypto

You also need to check the features that you want to use, and if one place is missing that then you could remove that from the list right away. This is why making a profit is not really a problem at all. I believe that we should not be really looking at anything that would be a problem at all when we want to add in some new features as well so you should plan it ahead as well.

This is why Binance is loved so much, because whatever you can find anywhere else, is also there as well which is why it's loved so much. I personally never found a place that has something that is extra to Binance, maybe coins/tokens listed, but all the good ones and liked ones are in Binance anyone.

[Silberman]

Choosing an exchange is indeed one of the important things we need to think about,
Popular exchanges like Binance are the exchanges of choice for many people, besides being trusted on Binance it also has complete features,
What must also be considered before entering the market is the preparation of all things related to crypto

You also need to check the features that you want to use, and if one place is missing that then you could remove that from the list right away. This is why making a profit is not really a problem at all. I believe that we should not be really looking at anything that would be a problem at all when we want to add in some new features as well so you should plan it ahead as well.

This is why Binance is loved so much, because whatever you can find anywhere else, is also there as well which is why it's loved so much. I personally never found a place that has something that is extra to Binance, maybe coins/tokens listed, but all the good ones and liked ones are in Binance anyone.

Which is why it is so important to use a demo account if a available to see all the features that the exchange has and see if it fits our needs, a newbies most likely will not have specialized needs about what features they need, but a good trader will eventually develop a strategy in which certain features are needed and if the exchange does not have them then this immediately disqualifies such an exchange from the list of exchanges they would like to use in order to perform their trades.

[Waddle]

I have been trading with capital wallet. They have hundreds of tokens available, and their trading & conversion fee is also $0.5, one of the lowest.

[GeorgeJohn]

I guess since you are a newbie, I would suggest to stick first with Binance so you dont have to worry about the gas fee. You can even fund Binance using your creditcard. Then later on you can start investing using your metamask or buy a Trezor wallet for added security.

Really newbies are meant to use a specific platforms as you portray to trade because i believe that with binance you will understand the rudiments of trading first before venturing into any platforms. Because i know that some newbies is inquisitive to trade for place whereby it's recognized. If i should recommend any platform it should be binance.

[sana54210]

You also need to check the features that you want to use, and if one place is missing that then you could remove that from the list right away. This is why making a profit is not really a problem at all. I believe that we should not be really looking at anything that would be a problem at all when we want to add in some new features as well so you should plan it ahead as well.

This is why Binance is loved so much, because whatever you can find anywhere else, is also there as well which is why it's loved so much. I personally never found a place that has something that is extra to Binance, maybe coins/tokens listed, but all the good ones and liked ones are in Binance anyone.

Which is why it is so important to use a demo account if a available to see all the features that the exchange has and see if it fits our needs, a newbies most likely will not have specialized needs about what features they need, but a good trader will eventually develop a strategy in which certain features are needed and if the exchange does not have them then this immediately disqualifies such an exchange from the list of exchanges they would like to use in order to perform their trades.

You are right, demo accounts are quite good because it allows you to both learn the place a bit, but also learn how to trade as well. Demo account would mean that, you could literally do whatever you would have done anyway, and just not use any money that you would otherwise use at all. This is a perfect method, but I am not sure if all of them have it.

Like I know some leverage ones do have it, but does Binance have any demo account deal? If there is one, I never heard of it, neither heard of Coinbase to have one neither. Don't get me wrong, I am not saying there isn't one, maybe there is one, but I never heard of it before and would be shocked to learn they have it.

[Bhig Daddy]

Since you are newbie, with less activities it indicates you are new into crypto, I will advise you start with binance, because it is less complicated and very straight forward. And about the gas fee, binance isn't that bad too.